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Standard Chartered Makes $135,000 Bitcoin Bold Prediction for Q3
Global banking institution, Standard Chartered, has made a bold prediction regarding the future of Bitcoin’s price. In a recent tweet, the financial institution suggests that Bitcoin could reach an astonishing $135,000 by the end of Q3.
This prediction comes as no surprise to many institutional investors who have been accumulating massive amounts of Bitcoin over the past few months. The sudden surge in demand for spot Bitcoin ETFs has seen the price of BTC break above the $110,000 mark for the first time in months.
As we reported earlier, a close above previous all-time highs would likely see the price of Bitcoin rally towards $120,000 or more. However, with Standard Chartered’s bold prediction, it appears that there is a strong chance that Bitcoin could reach levels not seen before in history.
It is worth noting that this prediction does not come without some support from on-chain data, which suggests that institutional investors are holding their Bitcoin positions tightly, indicating a robust and sustained price increase.
Source: usethebitcoin.com
